New Issue: Morgan Stanley prices $985,000 Buffered PLUS linked to Invesco QQQ

By Kiku Steinfeld

Chicago, June 14 – Morgan Stanley Finance LLC priced $985,000 of 0% Buffered PLUS due Jan. 29, 2026 linked to the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the fund is positive, the payout at maturity will be par plus 140% of the return, subject to a maximum return of par plus 42%. Investors will receive par if the fund declines by 15% or less and will lose 1% for every 1% that the fund declines beyond 15%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered PLUS
Underlying ETF:	Invesco QQQ Trust, Series 1
Amount:	$985,000
Maturity:	Jan. 29, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 140% of any fund gain, subject to a maximum return of par plus 42%; par if fund declines by 15% or less; 1% loss for every 1% that fund declines beyond 15%
Initial level:	$293.34
Buffer level:	$249.339, 85% of initial level
Upside leverage:	140%
Cap:	42%
Pricing date:	Jan. 26, 2023
Settlement date:	Jan. 31, 2023
Agent:	Morgan Stanley & Co. LLC
Fees:	3.65%
Cusip:	61774TPF3

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